Oakley Capital Investments sells Emesa Group Holdings

Oakley Capital Investments sold its stake in Emesa Group Holdings to Cyrte Investments for 95m euros, the Bermudian-based investor said Friday.

The company's fund, Oakley Capital Private Equity (Limited Partnership), originally purchased Emesa in March 2011 for a consideration of €35m.

The transaction represents a 3.6 times gross return for the fund in less than two years of ownership, with an internal rate of return in excess of 100%.

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

"Emesa has been another successful investment for the Limited Partnership," Director of Oakley, Peter Dubens, said.

"This is a significant disposal for the fund and delivers an attractive return to investors after a holding period of less than two years. It has been a pleasure for the Oakley team to work with the management of Emesa, and we wish them continued success with their new partners."

Shares dropped 0.18% to 140.00p at 10:52 Friday.

RD